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Loss Per Share
3 Months Ended
May 02, 2015
Earnings Per Share [Abstract]  
Loss Per Share

(9) Loss Per Share

Basic loss per share is calculated by dividing the net loss by the weighted-average number of shares of common stock outstanding, reduced by the number of shares repurchased and held in treasury, during the period. Diluted loss per share represents basic loss per share adjusted to include the potentially dilutive effect of outstanding share option awards, nonvested share awards and nonvested share unit awards. There is no difference between basic and diluted loss per share for the 13 weeks ended May 2, 2015 and May 3, 2014 as there is a net loss for the periods.

The following table sets forth the computation of basic and diluted loss per common share:

 

13 Weeks Ended

 

 

May 2,

 

 

May 3,

 

 

2015

 

 

2014

 

Net loss

$

(1,360

)

 

$

(3,368

)

Weighted-average shares of common stock outstanding:

 

 

 

 

 

 

 

Basic

 

41,851

 

 

 

34,441

 

Dilutive effect of common stock equivalents

 

 

 

 

 

Diluted

 

41,851

 

 

 

34,441

 

Basic loss per share

$

(0.03

)

 

$

(0.10

)

Diluted loss per share

$

(0.03

)

 

$

(0.10

)

 

 

 

 

 

 

 

 

Restricted stock units considered anti-dilutive and excluded in the calculation

 

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